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Walkman's Sweet Music
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The music phone has the wireless industry humming Wall Street's fast-growth tune.
Sony Ericsson blew by analysts' projections Wednesday, saying it sold 19.8 million phones in the third quarter. That's more than 2 million above most estimates. Strong demand for models like the Walkman music phone helped boost Sony Ericsson's sales and profits in the third quarter.
The joint venture of Sony (SNE Quote) and Ericsson (ERIC Quote) posted third-quarter net income of $374 million, nearly three times the year-ago level. Sales rose 42% from a year ago to $3.65 billion.
The strong performance also confirmed to some observers that music is the latet driver of cell-phone sales growth momentum. ...
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